By: Adam Hamilton, CPA, Zeal Research - 1 February, 2019
Silver recently started outperforming gold again, a watershed event. For long years this white metal has mostly lagged the yellow one, relentlessly battering silver sentiment. But gold surging into year-end 2018 finally sparked some life into moribund silver. This is a bullish sign, as silver has soared in the past once rising prices reach critical mass in attracting new investment capital. Silver looks to be nearing that point again.
Despite a good finish, 2018 was a rough year for silver. Its price slumped 8.6%, way worse than gold’s -1.6% performance. And that still masks miserable intra-year action. At worst in mid-November, silver had plunged 17.3% year-to-date. That was 2.2x gold’s comparable loss, and at $13.99 silver languished at a major 2.8-year low. A soul-crushing 96% of its early-2016 bull market had been reversed and lost! Full Story
By: Richard Mills, Ahead of the herd - 31 January, 2019
Given that gold always pushes against the prevailing economic winds, it appears likely that we could be in for an extended upleg in the price. We are only now seeing the rot that has begun to set into the US economy. The first clue was the stock market correction, but others are coming forward. As Trump’s $1.5 trillion tax cuts announced at year-end 2017 finish percolating through the economy, growth is predicted to stall. We are already seeing disappointing corporate earnings, especially from companies that sell into China, which is also slowing down. The trade war isn’t helping. Full Story
By: Rick Ackerman, Rick's Picks - 31 January, 2019
Well, there you have it: the most brazenly bogus rally in the history of the world. Are these guys good, or what? The fix was in even before Powell declared Wednesday afternoon that the Fed would be “patient.” (Now there’s a word that will reverberate through history!) AAPL’s and Boeing’s handlers had already gotten the jump on the Fed chairman’s latest PR mutterance, deftly engineering respective short-covering panics half a day ahead of him. It took patience, skill and timing to push Apple shares into their steepest rally in recent memory, considering this grim backdrop atop the front page of The Wall Street Journal: Apple’s iPhone Troubles Persist. That would be putting it mildly. Apple Inc. helped set hook for bears by announcing a day earlier that the company’s business had “stabilized” and that management believes things are bound to improve. (Cue up a global sigh of relief!) Full Story
At first glance the headline averages do not appear particularly inspiring. However, the journey ahead to year end makes much more interesting reading. Trading spreads across all four metals – gold $325, silver $7.25, platinum $430, and (particularly) palladium $815 – highlight the fact that analysts disagree on what may happen to prices in 2019. Whilst markets have factored in some of the downside risks of Brexit and US-China trade wars, other factors such the level of US real interest rates, strength/weakness of the dollar, the likely impact of geopolitical factors and the pace of global economic growth continues to provide some uncertainty. Which analyst will be right? Make up your own mind by reading. Full Story
The magnificent gold price rally has paused in the $1300 area for the past few weeks. Monday was COMEX option expiry day. With that now out of the way, gold is already staging more upside action! Full Story
The U.K. has declined to give Venezuela its gold. The message is clear, US and UK will not give gold to nations have given gold to them during the pre-world war II era. The net result will be more and more nations will try and switch away from the US dollar and increase gold reserves. Full Story
By: Rick Ackerman, Rick's Picks - 28 January, 2019
The 1330.40 ‘D’ pivot will become our minimum upside objective if the futures can close for two consecutive days above p or trade more than $3 above it intraday. Traders please note that a pullback to the green line at 1289.10 from around 1310.00 would trip a ‘mechanical’ buy signal, stop 1275.20. Full Story
US-China trade war result, FOMC and January nonfarm payrolls will be closely watched. Gold and silver demand will be dependent on the ability/inability to trade over $1300 and $1560. A big week for gold and silver bulls. Full Story
When stock market indices were introduced in the 1800s, only two types of equities were tracked: railroads and industrials.
Even by the year 1900, markets were much more complex – while railroads were still a dominant force, investors were starting to put money into other types of companies like utilities, steel, and energy companies.
Here’s a look at the share of market capitalization of the U.S. stock market in both 1900 and 2018... Full Story
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